The action is a win for small businesses that would have been required to file reports with the agency.
Senate Bill 712, if passed, would exempt vehicles 35 years or older from smog checks if they are insured as collector cars. The bill was introduced by Senator Shannon Grove last week.
U.S. Commerce Secretary Howard Lutnick shared that the president's extension will likely cover all USMCA-compliant automotive businesses.
This victory demonstrates the power of collective action and the importance of standing up for the motorsports community.
Most small businesses in the United States are required to file with FinCEN.
SEMA and PRI testified on the detrimental impact that closing the track would have on the local economy and grassroots racing community.
As the head of NHTSA, Morrison will have a prominent voice in the intersection of motor vehicles and technology, including advanced driver assistance systems.
The webinar will discuss recent announcements on steel and aluminum and the president's proposed reciprocal tariffs.
SEMA will continue to monitor the situation and welcomes feedback from its members on the impact of this news.
U.S. Reps. Doug LaMalfa and Sanford D. Bishop will lead efforts in Congress to speak on behalf of the automotive industry and enthusiasts.